Oak Creek Parke - Austin Texas - July Market Update


                                     



In July, there were two homes sold (both two story homes) in Oak Creek Parke.  The average days on market (from listed to under contract) was 58 days with an average square footage of 2226.  The average list price was $244,950 and a average sold price was $241,000 resulting in homes sold in July were sold for 98.39% of the asking price.


About Oak Creek Park

Oak Creek Parke is tucked behind Bowie High School and adjacent to Brodie Wild and is a small community featuring homes built by several cusom home builders between 1991 and 2000.  The community has many mature shade trees, a swim center, a playscape, a basketball court and a park area with tables to host a small gathering. 

Children who live within the community attend Baranoff Elementary School, Bailey Middle School or Bowie High School.  Both the elementary and middle school are located a few miles south on Brodie Lane in the Shady Hollow community and the high school is located at the neighborhood entrance. 

There are several retail centers (Arbor Tails, SouthPark Meadows, Sunset Valley and Shady Hollow Village) nearby all within a five mile radius of Shady Hollow housing both local and national chain restaurants and variety of shopping options. 

Currently, there are seven Homes for Sale in Oak Creek Park.  Be sure to check them out if you are interested in purchasing a home in the Oak Creek Parke community.  Or if you are considering selling your home sometime in the near future be sure to obtain a market analysis customized for your home. 

The Oak Creek Park (or Oak Park as local commonly refer to it) is a quiet, established subdivision in Southwest Austin that is partially surrounded by the Brodie Wild Preserve, with walking distance to Bowie High School. 


As I write this post, there

• are 7 homes currently available for sale, with an average asking price of $260,014.  The average square footage for these homes is 2,488, for an average price per square foot of $105.99. 
  
• are 2 homes under contract, with an average listing price of $244,950.  The average square footage for these homes is 2,226 for an average price per square foot of $111.18.
  
• were 3 homes sold within the last three months (April to June 2010). The average listing price was $304,800 and the average sales price was $294,167.  This means that homes sold for 96.5% of their list price.  This number does not account for any seller-paid closing costs, nor does it include any price reductions. 
  
• The average number of days on the market for the second quarter (April to June 2010) was 70.
   

To search available Oak Creek Park homes visit my Austin Real Estate Interactive Property Map.



In order to gather a better understanding of what your Oak Creek Park home is worth, visit the How Much is my Home Worth page on my Austin Real Estate website.  Keep in mind, these are neighborhood averages.  In order to obtain an accurate estimate on what your home is worth - it is best to speak with a local real estate agent to ensure your comparison is based on apples to apples, not apples to oranges (i.e. one story homes within the same square footage should be compared to other one story homes within the same square footage, not compared to two story homes with much more or less square footage). 


To obtain an accurate estimate on what your home is worth - give me a call (512) 743-9060 or visit my Austin Texas Real Estate Website.

Check out my website for further information on Oak Parke Neighborhood.

Oak Park is a beautiful neighborhood nestled behind award winning Bowie High School, right off of Slaughter Lane in far southwest Austin.  With right under 300 homes it is small enough to get to know your neighbors, but large enough to have a neighborhood pool.  The homeowners association is very active, and is aggressively fighting the building of apartments on the Bethany Lutheran Church property that backs up the neighborhood.  I have lived in Oak Park for 15 years, and my two children who have gone from elementary school at award winning Baranoff Elementary to award winning Bowie High School.